Frontier Springs Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/01/2026 ,inter alia, to consider and approve a. To consider the proposal ....
FRONTSP · price
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Frontier Springs Ltd has informed BSE that its Board of Directors will meet on January 22, 2026 to consider several key proposals. These include cancelling 49,400 forfeited equity shares that remain unissued, increasing the company's Authorised Share Capital (with corresponding changes to the Memorandum of Association), and considering a bonus issue of shares to shareholders. All proposals, if approved by the Board, will be subject to shareholder approval through an Extraordinary General Meeting or Postal Ballot. The cancellation of forfeited shares is a housekeeping step to clean up the issued share capital.
If the bonus shares are approved, existing shareholders will receive additional free shares, which typically adjusts the share price downward proportionally but increases liquidity. The proposed increase in Authorised Share Capital gives the company room for future fundraising or further bonus issues. Short-term stock price may see positive sentiment on bonus news, pending details of the bonus ratio.